Free GARP RAI Exam Questions
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GARP RAI Exam Questions
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Provided By: GARP
- Exam: Risk and AI (RAI)
- Certification: GARP Certification
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Total Questions: 320
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Updated On: Mar 25, 2025
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Rated: 4.9 |
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Online Users: 640
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Question 1
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A financial institution is implementing an AI model that uses proxies for loan approval decisions. Which of the following is a potential risk associated with using proxies?
Answer: A
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A financial institution is implementing an AI model that uses proxies for loan approval decisions. Which of the following is a potential risk associated with using proxies?
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Question 2
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A generative AI provider in China is designing its service to align with Chinese regulations. What is a key obligation it must meet under the Generative AI Measures?
Answer: C
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A generative AI provider in China is designing its service to align with Chinese regulations. What is a key obligation it must meet under the Generative AI Measures?
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Question 3
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What is a primary reason to remove duplicate observations during data cleaning?
Answer: B
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What is a primary reason to remove duplicate observations during data cleaning?
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Question 4
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Which type of risk might an organization face if an AI algorithm breaches individual privacy or yields biased results?
Answer: C
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Which type of risk might an organization face if an AI algorithm breaches individual privacy or yields biased results?
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Question 5
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A financial institution is developing a credit risk model using a machine learning algorithm. The data science team decides to split their dataset into three parts: training, validation, and test sets. What is the primary purpose of the validation set in this setup?
Answer: B
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A financial institution is developing a credit risk model using a machine learning algorithm. The data science team decides to split their dataset into three parts: training, validation, and test sets. What is the primary purpose of the validation set in this setup?